Atascosa County Texas - Buy Mineral Rights

Starting Bid: $450,000

• State : Texas
• County : atascosa
• Legal Location : A-1565, A-1232, A-499,
• Net Acres : 244.28
• Active Lease : Yes
• Royalty Rate : 12.5%
• Producing : yes
• Average Income : $3,491/Month

Comments:

Update 9/17/24:

Sold

_____________________

Update 8/15/24:

Pending under contract

_____________________

Update 8/5/24:

July check stub was added to the listing files average monthly income was adjusted accordingly.

_____________________

Update 7/22/24:

June check stub was added to the listing files average monthly income was adjusted accordingly.

_____________________

This is an opportunity to buy mineral rights in Atascosa County Texas that has excellent cash flow + upside potential.

These mineral rights are currently generating an average of $3,491/month in royalty income.  The wells are just over 5 years old, so we are past flush production.  The buyer will enjoy an immediate ROI.

In addition to the current income, we believe the owner has a total of 244.28 NRA spread across 3 different units.   The McCarty A and McCarty B units are each 360 acres.  There is currently a single well drilled in each unit, meaning there is room for additional wells to be drilled.   There are 45 NRA in each unit respectively.  In the McCarty C, this unit is larger at 708.49 acres.  The seller has 154 NRA in this unit, with only 2 wells drilled on 708.49 acre spacing.   There is a large upside opportunity in this acreage as well.

The asking price on this listing is $450,000.  When you consider the upside potential in these 3 units and the spacing of the surrounding units, this is an exceptional opportunity to get immediate royalty income + huge upside potential.

Important:  The check stubs appear to show this as a Royalty Interest.  However, we believe this is a non-participating royalty interest and the seller does not have the executive rights.  In the 2007 Warranty deed, it confirms the seller conveyed 50% of the minerals and 100% of the executive rights.   While this may be an NPRI rather than an RI, this does not materially change the value as this acreage will almost certainly be HBP going forward.

Important: We believe the seller may own some surface rights in this area.  No surface rights will convey with this ownership.  Only mineral rights will convey.

For this listing, we are requiring the following:

1. Special Warranty Deed
2. 30 Day Close
3. Any adjustments to purchase price over 10% must be mutually agreeable on a tract by tract basis.
4. Our closing process included in the PSA, which is:   At closing, buyer will provide the mineral deed.  The seller will execute the mineral deed and return it to Texas Royalty Brokers.  Texas Royalty Brokers will provide buyer with a scanned copy of the deed, and buyer will then wire funds to seller and Texas Royalty Brokers respectively.  Once funds are confirmed, Texas Royalty Brokers will overnight the deed to the Buyer.   
5. Buyer must close within 14 days or sign our qualified buyer agreement.

We will begin accepting offers on Tuesday, July 30th.

To view/download the listing files, please visit the link below:

Download Files

All buyers are required to either do a 14 day close or sign our qualified buyer agreement once a deal has been verbally agreed upon.  In certain situations, we may require a $5,000 to $10,000 earnest deposit at the sole discretion of Texas Royalty Brokers.

The mineral owner has exclusively listed with Texas Royalty Brokers.  Please do not contact the mineral owner directly.  To make a bid or ask questions about this listing, please contact Texas Royalty Brokers using the contact form below.  Our team will quickly be in touch.

We have other mineral rights for sale.